Go Back   English Forum Switzerland > Help & tips > Housing in general  
 
Thread Tools Display Modes
  #1  
Old 26.06.2011, 21:10
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Swiss housing valuation

Hi, having lived in Zurich for 5 years , we are ready to move. Have been looking at the Staefa area, but that seems a bit too much for us. We did see this place in Hombrechtikon, but I find it hard to figure out how much it's worth. Sellers are asking 490,000. Is this too high, too low?
I can't seem to figure out the real estate market here,I want to avoid be burned on a bad deal.
http://www.homegate.ch/buy/103654287...ault&l=default
Was thinking of offering 480,000.
  #2  
Old 26.06.2011, 21:14
jrspet's Avatar
Forum Legend
 
Join Date: Jul 2007
Location: Quaint Wädenswil, Zürich, CH
Posts: 8,132
Groaned at 27 Times in 20 Posts
Thanked 7,036 Times in 3,912 Posts
jrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond reputejrspet has a reputation beyond repute
Re: Swiss housing valuation

Welcome to the forum.
  #3  
Old 26.06.2011, 21:24
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Quote:
View Post
Welcome to the forum.
Thanks.
Just did a valuation on homegate.ch, it lists the value at 640,000, which seems a big difference from the 490,000 asking price.
  #4  
Old 26.06.2011, 21:35
Forum Legend
 
Join Date: May 2007
Location: Tessin
Posts: 6,369
Groaned at 125 Times in 92 Posts
Thanked 7,626 Times in 3,570 Posts
Mrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond reputeMrs. Doolittle has a reputation beyond repute
Re: Swiss housing valuation

I would love to know how anything next to a school is quiet.
  #5  
Old 26.06.2011, 21:43
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Quote:
View Post
I would love to know how anything next to a school is quiet.
Well, this is Switzerland. Do you think that's why it's listed at 490,000 instead of 640,000?
  #6  
Old 26.06.2011, 21:53
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Actually when we saw it the school is across the street, not right next to it. The estate agent said this would make it a convenient location for our child.
I am just worried someone would go in and offer 490,000 or more. Then we are back to square one. The new builds are out of our budget.
  #7  
Old 26.06.2011, 22:01
Senior Member
 
Join Date: May 2007
Location: zh
Posts: 251
Groaned at 0 Times in 0 Posts
Thanked 304 Times in 122 Posts
TheCatintheHat has an excellent reputationTheCatintheHat has an excellent reputationTheCatintheHat has an excellent reputationTheCatintheHat has an excellent reputation
Re: Swiss housing valuation

We had a similar situation once, and the story was that the bank actually valued it much lower. We gave them the address of the house and they gave us the bank value for free and over the phone. NOt sure if this is always the case, but perhaps worth a try?
  #8  
Old 26.06.2011, 22:04
Forum Legend
 
Join Date: Feb 2007
Location: Zurich Unterland
Posts: 3,315
Groaned at 145 Times in 99 Posts
Thanked 4,850 Times in 1,930 Posts
smoky has a reputation beyond reputesmoky has a reputation beyond reputesmoky has a reputation beyond reputesmoky has a reputation beyond reputesmoky has a reputation beyond reputesmoky has a reputation beyond repute
Re: Swiss housing valuation

It looks like a nice house. Have you asked the bank what their valuation of it is? This would play a big role in the actual price asked.

How is it heated? And how old is the heating system?

How is it insulated? And where is it insulated ..... is the cellar ceiling or floor insulated? ... is the roof insulated .. or the floor of the attic? (insulation on only the attic floor will make the attic unusable in winter and add to heating costs. Ditto the cellar.

What is the condition of the electric wiring?
What is the condition of the water piping - from street to house.

Sometimes, a pretty house is not a practical house, and can gobble up money for you.

The price seems reasonable. Just ask some of the above questions before committing yourself.
  #9  
Old 26.06.2011, 22:17
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Quote:
View Post
It looks like a nice house. Have you asked the bank what their valuation of it is? This would play a big role in the actual price asked.

How is it heated? And how old is the heating system?

How is it insulated? And where is it insulated ..... is the cellar ceiling or floor insulated? ... is the roof insulated .. or the floor of the attic? (insulation on only the attic floor will make the attic unusable in winter and add to heating costs. Ditto the cellar.

What is the condition of the electric wiring?
What is the condition of the water piping - from street to house.

Sometimes, a pretty house is not a practical house, and can gobble up money for you.

The price seems reasonable. Just ask some of the above questions before committing yourself.
Haven't checked with the bank yet. This is for a flat in the building, not the whole place. 6 apartments all together. From what the agent told me, it's floor heating, and oil heat.Maintenance costs about 5000 year Also, new windows are being installed through out the entire building
  #10  
Old 26.06.2011, 22:25
Forum Legend
 
Join Date: Nov 2009
Location: Vaud
Posts: 2,894
Groaned at 97 Times in 46 Posts
Thanked 1,932 Times in 921 Posts
Anthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond repute
Re: Swiss housing valuation

if it is sold by an agent the valuation is done with a programme , pretty much the same one the banks uses. give in all the info and it will give you a price.
  #11  
Old 26.06.2011, 22:30
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,378
Groaned at 460 Times in 352 Posts
Thanked 23,089 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss housing valuation

Quote:
View Post
Well, this is Switzerland. Do you think that's why it's listed at 490,000 instead of 640,000?
It's worth what somebody will pay, the market is very slow in CH, people prefer to buy new. Most property sticks on the market for years. There was a 3 year old house I looked at, the owner paid 1,350,000 & would have sold it for 790,000, just no takers.
  #12  
Old 26.06.2011, 22:31
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Quote:
View Post
if it is sold by an agent the valuation is done with a programme , pretty much the same one the banks uses. give in all the info and it will give you a price.
Thanks, I see you are an agent also. Why would homegate value it at 640,000, but only be offered at 490,000?
  #13  
Old 26.06.2011, 22:39
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,378
Groaned at 460 Times in 352 Posts
Thanked 23,089 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss housing valuation

Quote:
View Post
Thanks, I see you are an agent also. Why would homegate value it at 640,000, but only be offered at 490,000?
Homegate is just guessing, there is mention of land in the advertisement, I doubt any land is actually included in the sale as it's a flat.
  #14  
Old 26.06.2011, 22:42
Newbie 1st class
 
Join Date: Jun 2011
Location: Zurich
Posts: 11
Groaned at 0 Times in 0 Posts
Thanked 11 Times in 3 Posts
MadeItHere has earned some respectMadeItHere has earned some respect
Re: Swiss housing valuation

Quote:
View Post
Homegate is just guessing, there is mention of land in the advertisement, I doubt any land is actually included in the sale as it's a flat.
A small piece is included , big enough to have to mow, and maybe a swing set for the kid. The flat is on the first floor, so not as practical as being on the ground floor.
  #15  
Old 26.06.2011, 22:45
phdoofus's Avatar
Forum Veteran
 
Join Date: May 2009
Location: City by the Bay
Posts: 2,357
Groaned at 96 Times in 56 Posts
Thanked 3,205 Times in 1,227 Posts
phdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond reputephdoofus has a reputation beyond repute
Re: Swiss housing valuation

I wish the homes here looked anywhere near that good for that price. In that price range, you're typically looking at a 500 year old pile of rocks.
  #16  
Old 26.06.2011, 22:48
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 21,378
Groaned at 460 Times in 352 Posts
Thanked 23,089 Times in 11,824 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Swiss housing valuation

Quote:
View Post
I wish the homes here looked anywhere near that good for that price. In that price range, you're typically looking at a 500 year old pile of rocks.
Swiss valuations are based on Cost to build new then depreciated. Renervations then are added & depreciated further. Bear in mind a new Kitchen & Bathroom could add 60-100K
  #17  
Old 26.06.2011, 23:02
Forum Legend
 
Join Date: Nov 2009
Location: Vaud
Posts: 2,894
Groaned at 97 Times in 46 Posts
Thanked 1,932 Times in 921 Posts
Anthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond reputeAnthony1406 has a reputation beyond repute
Re: Swiss housing valuation

Quote:
View Post
Thanks, I see you are an agent also. Why would homegate value it at 640,000, but only be offered at 490,000?

cause homegate does not add in some factors. This programme is very detailed. takes close to an hour just to get info in. looks at renovations etc etc and then it makes an analyses to what the prices were from certain years to certain years. The homegate one is basically just to give you an idea.

And now the agent pitch : people that sell on their own will not take some of these factors into consideration and think their house is worth from sites like homegate. the house will not sell, people see they drop the price and then decide to see it drop even further. Here in CH if the property is not priced just right (overvalued) it will not sell.
 




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Information on Swiss cooperative housing swisspea Housing in general 11 26.03.2012 10:44
Housing valuation appt tomorrow Newton6005 Housing in general 4 09.06.2011 08:23
Explanation for the Swiss Housing System? esto Housing in general 106 05.04.2011 10:08
Jewellery Valuation - Zürich MattM Other/general 0 08.04.2010 13:16
Jewellery Valuation and repair PlantHead Other/general 3 25.08.2008 13:14


All times are GMT +2. The time now is 05:28.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0